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Dutch consumer electronics giant Philips Electronics NV (PHGFF.PK, PHG) reported Monday that its first-quarter net loss was 665 million euros, wider than last year's loss of 151 million euros.
Shares of Philips Electronics NV were gaining around 12 percent in the morning trading in Amsterdam after the Dutch consumer electronics giant reported Monday higher adjusted EBITA and sales in its first quarter, and said it is confident for fiscal 2023.